Cushman & Wakefield Represents Universal Beauty Products in Acquisition of 94,682 SF Industrial Facility in Bloomingdale, Ill.

Cushman & Wakefield Represents Universal Beauty Products in Acquisition of 94,682 SF Industrial Facility in Bloomingdale, Ill.

221-covington-dr_bldgCHICAGO, Nov. 9, 2016 – Cushman & Wakefield has represented Universal Beauty Products Inc. in the purchase of a 94,682-square-foot industrial facility located at 221 Covington Drive in the western Chicago suburb of Bloomingdale. The recently-renovated facility is near Universal Beauty Product’s headquarters in Glendale Heights, and will accommodate the company’s continued growth in the Chicago market.

Universal Beauty Products was represented in the transaction by Cushman & Wakefield Senior Director Eric Fischer and Executive Directors Keith Puritz and Brett Kroner. The seller, High Street Realty Company, LLC, was represented by Jeff Fischer and Adam Naparsteck of NAI Hiffman.

Located in the highly desirable Central DuPage submarket within the Covington Corporate Center business park, 221 Covington Drive offers 19,115 square feet of premium Class A office space, 25-foot clear heights, five enclosed truck docks, 155 parking spaces, T-5 lighting and an ESFR sprinkler system.

“The Central DuPage submarket is incredibly tight right now, presenting very few opportunities for end-users to acquire high-end, sizable industrial facilities,” said Fischer. “Universal Beauty Products will benefit from the property’s recent state-of-the-art renovations, close proximity to an abundance of retail and restaurant options, convenient access to several highways and its central location in one of Chicago’s most sought after industrial corridors.”

According to Cushman & Wakefield Research, the Central DuPage industrial submarket currently has an overall vacancy rate of 6.7%, dropping from 7.2% in the second quarter of 2016.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.